The
SEC and CFTC have established the parameters that are used to trade single stock futures. The
information below provides you with the
main contract specifications:
Contract Size:
100 shares
Minimum Tick: $0.01 = $1
Delivery Months: March, June, September,
December. As well as the first two serial months.
Trading Hours: 9:30am-4:00pm, EST
Margin Requirement: 20% of the total contract
value.
Note: The
CFTC and SEC have jointly agreed on
margin rules that require initial
and maintenance margin equal to 20 percent of the current market
value of the position, although the exchanges may eventually adopt portfolio
margining or position offsets with the appropriate regulatory
approvals.
Single
Stock Futures educational book...
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